KPC Buys High Desert Hospital

KPC Global, a Riverside company whose founder is the majority owner of Santa Ana-based Integrated Healthcare Holdings Inc., has bought a Victorville hospital out of bankruptcy.

Victor Valley Community Hospital had been looking for a buyer since it filed for bankruptcy protection in 2010. KPC agreed to invest $25 million over the next five years to improve Victor Valley and will turn it into a for-profit operation.

St. Mary Medical Center, which is owned by Orange-based St. Joseph Health, had made a bid for Victor Valley earlier this year.